Are you missing key opportunities to generate revenue for your professional services firm? In this video, Greg Alexander, founder of Collective 54 and Capital 54, identifies how professional service firms make money with their business model, and 9 revenue sources you need to know to build a profitable, sustainable firm. In this video, you’ll learn: - How to generate revenue for pro serve firm - The 9 ways to make money with your services - The pros and cons of each revenue source - How to figure out which revenue source(s) are best for your firm Skip ahead: 00:00 Introduction 00:38 Hourly rate billing 01:04 Retainer model 01:41 Fixed bid amounts 02:46 Performance based contracts 03:43 Membership model/fees 04:27 Licensing 05:31 Subscription model 06:58 Events 07:59 Royalties 09:35 Review of the 9 Sources of Revenue __________ ➡️ Want proven tips for growing, scaling and/or exiting your professional services firm? Join the email list: https://www.collective54.com/collective-54-insights/ 📚Resources: Get the Book: https://hubs.ly/Q01Jp-790 Pro Serve Podcast: https://hubs.la/Q01Jp-8S0 Pro Serve Blog: https://hubs.ly/Q01Jp-9k0 💲Channel Details: Profiting in Professional Services is a YouTube Channel brought to you by Collective 54, the first mastermind community for boutique professional service firms. Learn how you can make more, work less and sell your firm for more, faster. Explore Collective 54 for Founders/CEOs: https://hubs.la/Q01Jp_Qp0 #professionalservices #growbusiness #businesstips